Your First Move For Thursday October 20th
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Jon Najarian suggests taking profits in Riverbed. “Although I love the way this stock bounced back from $20 at the beginning of the month, it’s now over $25 in Wednesday's after-market.”
Brian Stutland suggests playing credit cards long Visa .
Karen Finerman prefers playing credit cards long Global Payments .
Tim Seymour thinks Freeport is a buy with a stop at $30.
Guy Adami prefers long Yahoo! .
Patty Edwards says, "I loveWalter Energy at these levels. I think it’s going higher.”
SHUN APPLE, BUY INTEL?
Apple traded sharply lower on Wednesday after the company missed estimates for the first time in 7 years.
Meanwhile Intel made gains after the company forecast sales that exceeded expectations due to strong demand for laptop computers in emerging markets.
Should you rotate out of Apple and into Intel?
Guy Adami wouldn’t. “The Intel story is great but I worry about the technicals. The stock is near the $25 level and that was the high in May of 2008. It’s probably strong resistance.”
ROUGH SLEDDING FOR HEDGE FUNDS
A new report from Hedge Fund Research says the industry posted the fourth worst quarterly performance in its third quarter history.
Get all the details from Ken Heinz president of HFR. Watch the video now!
* you can find our conversation about 3 minutes into this video clip
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Trader disclosure: On Oct 19, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour is long AAPL; Seymour is long BAC; Seymour is long INTC; Seymour is long NOK; Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Finerman owns AAPL; Finerman wons JPM; Finerman’s firm owns JPM leaps and puts; Finerman’s firm owns AAPL and short calls; Finerman’s firm owns IBM and short calls; Finerman’s firm owns YHOO and short calls; Najarian has AAPL call spreads; Najarian has GS call spreads; Najarian is long RVBD; Najarian is long Long CIGX; Najarian is long CME; Najarian is long CBOE
For Patty Edwards
Trutina Financial owns AMZN
Trutina Financial owns C
Trutina Financial owns GOOG
Trutina Financial owns MSFT
Trutina Financial owns QCOM
Trutina Financial owns KO
Trutina Financial owns TGT
Trutina Financial owns JWN
For Brian Stutland
Stutland owns GS corporate bonds
Stutland is long V and has short V calls
Stutland Equities is market maker holding options and underlying positions hedged in VIX, VXX, SPX, SPY
For Dennis Gartman
Gartman is short Euro vs. dollar
Gartman is short copper
For Sam Hamadeh
For Ken Heinz
For Jeremy Wien
Peak Investments has vix positions